Integra Resources (NYSEAMERICAN:ITRG) Sets New 1-Year High - Should You Buy?

Key Points

• Integra Resources' share price reached a new 52-week high of $3.35, closing last at $3.26 with significant trading volume.
• HC Wainwright has restated a "buy" rating on the stock with a target price of $3.25, contributing to its average "buy" rating from analysts.
• The firm has recently gained interest from institutional investors, with notable acquisitions and significant increases in holdings, reflecting confidence in its market potential.

Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $3.35 and last traded at $3.26, with a volume of 1910729 shares trading hands. The stock had previously closed at $3.15.

Analysts Set New Price Targets

Separately, HC Wainwright restated a "buy" rating and issued a $3.25 price target on shares of Integra Resources in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $3.25.

Integra Resources Stock Performance

The firm has a market cap of $551.20 million, a P/E ratio of 54.33 and a beta of 0.84. The company has a quick ratio of 1.24, a current ratio of 2.11 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average of $2.30 and a 200-day moving average of $1.81.

Institutional Investors Weigh In On Integra Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. acquired a new position in Integra Resources in the 1st quarter worth $30,000. Virtu Financial LLC bought a new position in Integra Resources in the first quarter valued at $34,000. Millennium Management LLC acquired a new stake in Integra Resources in the 4th quarter valued at $39,000. Bank of America Corp DE boosted its position in Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company's stock valued at $41,000 after purchasing an additional 35,997 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Integra Resources in the fourth quarter valued at approximately $42,000. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.